SINGAPORE – The prudence of older Singaporeans in accumulating wealth has apparently caused many of their children to feel entitled to a share, with some of them viewing inheritance as a windfall, much like winning a big lottery prize.
A recent survey on the state of wealth transfer here shows that of about 1,000 people polled, over 10 per cent of them actually hope to inherit $1 million or more from their parents so they have less to worry about their own savings and retirement planning.
InvestWealth managementWills, inheritanceProperty investmentsFinancial literacy